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Mercer International (FRA:AEZ) Cyclically Adjusted Price-to-FCF : 8.86 (As of Jun. 10, 2024)


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What is Mercer International Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Mercer International's current share price is €8.15. Mercer International's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.92. Mercer International's Cyclically Adjusted Price-to-FCF for today is 8.86.

The historical rank and industry rank for Mercer International's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:AEZ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.69   Med: 11.37   Max: 34.33
Current: 8.92

During the past years, Mercer International's highest Cyclically Adjusted Price-to-FCF was 34.33. The lowest was 4.69. And the median was 11.37.

FRA:AEZ's Cyclically Adjusted Price-to-FCF is ranked better than
76.38% of 127 companies
in the Forest Products industry
Industry Median: 17.1 vs FRA:AEZ: 8.92

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Mercer International's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.658. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €0.92 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mercer International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mercer International's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mercer International Cyclically Adjusted Price-to-FCF Chart

Mercer International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.71 8.36 10.86 8.20 8.05

Mercer International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.62 6.51 7.39 8.05 9.95

Competitive Comparison of Mercer International's Cyclically Adjusted Price-to-FCF

For the Paper & Paper Products subindustry, Mercer International's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mercer International's Cyclically Adjusted Price-to-FCF Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Mercer International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Mercer International's Cyclically Adjusted Price-to-FCF falls into.



Mercer International Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Mercer International's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.15/0.92
=8.86

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mercer International's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Mercer International's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.658/126.2576*126.2576
=-0.658

Current CPI (Mar. 2024) = 126.2576.

Mercer International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.165 99.473 0.209
201409 0.316 99.394 0.401
201412 0.164 98.367 0.210
201503 0.741 99.789 0.938
201506 -0.031 100.500 -0.039
201509 0.843 100.421 1.060
201512 -0.029 99.947 -0.037
201603 0.775 101.054 0.968
201606 -0.036 102.002 -0.045
201609 0.378 101.765 0.469
201612 0.223 101.449 0.278
201703 0.644 102.634 0.792
201706 -0.052 103.029 -0.064
201709 0.244 103.345 0.298
201712 0.284 103.345 0.347
201803 0.742 105.004 0.892
201806 0.742 105.557 0.888
201809 -0.210 105.636 -0.251
201812 0.642 105.399 0.769
201903 0.302 106.979 0.356
201906 0.854 107.690 1.001
201909 0.270 107.611 0.317
201912 0.082 107.769 0.096
202003 -1.285 107.927 -1.503
202006 0.573 108.401 0.667
202009 0.178 108.164 0.208
202012 -0.007 108.559 -0.008
202103 0.056 110.298 0.064
202106 0.231 111.720 0.261
202109 0.018 112.905 0.020
202112 -0.019 113.774 -0.021
202203 0.485 117.646 0.521
202206 1.527 120.806 1.596
202209 0.578 120.648 0.605
202212 0.011 120.964 0.011
202303 -1.171 122.702 -1.205
202306 -0.344 124.203 -0.350
202309 -0.884 125.230 -0.891
202312 -0.479 125.072 -0.484
202403 -0.658 126.258 -0.658

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Mercer International  (FRA:AEZ) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Mercer International Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Mercer International's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Mercer International (FRA:AEZ) Business Description

Traded in Other Exchanges
Address
700 West Pender Street, Suite 1120, Vancouver, BC, CAN, V6C 1G8
Mercer International Inc is a forest products company with two reportable operating segments in pulp and solid wood. Pulp segment consists of the manufacture, sale and distribution of pulp, electricity and chemicals. Solid wood segment consists of the manufacture, sale and distribution of lumber, manufactured products wood pallets, electricity, biofuels and wood residuals from sawmills and other facilities located in Germany and the United States. The company has its geographical presence in USA, Germany, China and Other countries. Majority of the revenue is generated from the Pulp segment.

Mercer International (FRA:AEZ) Headlines

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